Travelers Reports Strong First Quarter 2019 Net Income per Diluted Share of $2.99, up 24%, and Return on Equity of 13.5%
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Travelers (TRV) Tops Q1 EPS by 9c, Revenues Beat
April 18, 2019 6:58 AM EDTTravelers (NYSE: TRV) reported Q1 EPS of $2.83, $0.09 better than the analyst estimate of $2.74. Revenue for the quarter came in at $7.67 billion versus the consensus estimate of $7.11 billion.
First quarter net income of $796 million and core income of $755 million, up 19% and 11%, respectively.
Consolidated combined ratio of 93.7%; underlying combined ratio of 91.6%.
Record gross written premiums of $7.839 billion up 6%, with growth in all segments; net written premiums of $7.057 billion up 3%; growth in net written premiums reflects a new catastrophe reinsurance treaty.
Total capital returned to shareholders of $625 million, including $421 million of share repurchases.... More
